First Nation Travel uses the contribution margin income statement internally First Nation's first quarter results follow LOADING (Click the icon to view the income statement ) First Nation's relevant range is between sales of $110,000 and $790,000 Requirements 1 Prepare contribution margin income statements at sales levels of $160,000 and $690,000 (Hint Use the contribution margin ratio ) 2 Compute break even sales in dollars Requirement 1 Prepare the contribution margin income statement at the $160,000 level (Round interim percentages to the nearest whole percent Enter losses with a minus sign or parentheses ) First Nation Travel Contribution Margin Income Statement Sales revenue Less Variable expenses Contribution margin Less Fixed expenses Operating income (loss) Prepare the contribution margin income statement at the $690,000 level (Round interim percentages to the nearest whole percent Enter losses with a minus sign or parentheses ) First Nation Travel Contribution Margin Income Statement Sales revenue Less Variable expenses Contribution margin Less Fixed expenses Operating income (loss) Requirement 2 Compute break even sales in dollars Begin by identifying the formula to compute the break even sales in dollars ( ) Break even sales in dollars Compute break even sales in dollars (Round your answer up to the nearest dollar ) The break even sales in dollars is $ Data Table First Nation Travel Contribution Margin Income Statement Three Months Ended March 31 Sales revenue $500,000 Less Variable expenses (100,000) Contribution margin 400,000 Less Fixed expenses (150,000) Operating income $250,000 Data table First Nation Travel uses the contribution margin income statement internally First Nation's first quarter results follow (Click the icon to view the income statement ) First Nation's relevant range is between sales of $110,000 and $790,000 Requirements 1 Prepare contribution margin income statements at sales levels of $160,000 and $690,000 (Hint Use the contribution margin ratio ) 2 Compute break even sales in dollars Requirement 1 Prepare the contribution margin income statement at the $160,000 level (Round interim percentages to the nearest whole percent Enter losses with a minus sign or parentheses )

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First Nation Travel uses the contribution margin income statement internally. First Nation's first-quarter results follow. LOADING... (Click the icon to view the income statement.) First

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First Nation

Travel uses the contribution margin income statement internally.

First Nation's

first-quarter results follow.

(Click the icon to view the income statement.)

First Nation's

relevant range is between sales of

$110,000

and

$790,000.

Requirements

Prepare contribution margin income statements at sales levels of

$160,000

and

$690,000.

(Hint:

Use the contribution margin ratio.)

Compute break-even sales in dollars.

Requirement 1. Prepare the contribution margin income statement at the

$160,000

level. (Round interim percentages to the nearest whole percent. Enter losses with a minus sign or parentheses.)

First Nation Travel
Contribution Margin Income Statement

	Sales revenue
	Less: Variable expenses
	Contribution margin
	Less: Fixed expenses
	Operating income (loss)

Prepare the contribution margin income statement at the

$690,000

level. (Round interim percentages to the nearest whole percent. Enter losses with a minus sign or parentheses.)

First Nation Travel
Contribution Margin Income Statement

	Sales revenue
	Less: Variable expenses
	Contribution margin
	Less: Fixed expenses
	Operating income (loss)

Requirement 2. Compute break-even sales in dollars.

Begin by identifying the formula to compute the break-even sales in dollars.

(

) /

Break-even sales in dollars

Compute break-even sales in dollars. (Round your answer up to the nearest dollar.)

The break-even sales in dollars is

Data Table

First Nation Travel
Contribution Margin Income Statement
Three Months Ended March 31
	Sales revenue	$500,000
	Less: Variable expenses	(100,000)
	Contribution margin	400,000
	Less: Fixed expenses	(150,000)
	Operating income	$250,000

Data table First Nation Travel uses the contribution margin income statement internally. First Nation's first-quarter results follow. (Click the icon to view the income statement.) First Nation's relevant range is between sales of $110,000 and $790,000. Requirements 1. Prepare contribution margin income statements at sales levels of $160,000 and $690,000. (Hint. Use the contribution margin ratio.) 2. Compute break-even sales in dollars. Requirement 1. Prepare the contribution margin income statement at the $160,000 level. (Round interim percentages to the nearest whole percent. Enter losses with a minus sign or parentheses.)